OKX Ventures Investment Quarterly Report: Multi -field layout helps the development of the industry

Source: OKX Ventures

With January 24th, the US SEC approved the establishment of the milestone of the BTC spot ETF, and the encrypted industry gradually got rid of the cold winter and entered an upsurge.We see that Crypto’s total market value reached 2.6 trillion US dollars in the first quarter of 24 years, with a total stable currency supply of more than $ 150 billion, and the market value of Bitcoin once exceeded silver.For more new narratives such as pledge, combination of web3 and AI, Bitcoin programability, etc., and have performed strongly, it has promoted further innovation and development of the encrypted market.

The capital market gradually recovered, and the total financing scale of the quarter exceeded 1.8 billion US dollars, an increase of 50%over the previous quarter.During this period, OKX Ventures continued to increase and participated in in -depth, constantly tapping high potential, innovative projects and teams in the crypto industry, actively investing in and empowering entrepreneurs, providing comprehensive support, and contributing to the development of the encrypted industry.

Review of key projects in the season

OKX Ventures invested in infrastructure, Bitcoin ecology, AI+DEPIN, GameFi, DEFI, SocialFi and other tracks in the first quarter of 2024. Among them, infrastructure projects accounted for 60%of the total investment.We believe that the improvement of infrastructure is still the mainstay of driving the development of the entire industry.Complete infrastructure can effectively improve the efficiency and safety of the entire industry, and provide a solid foundation for the rapid development of the industry.

one,infra

Infrastructure is the top priority of the development of the industry. It includes but not limited to the underlying products such as the L1/L2 public chain, development platform and wallet. These products determine the development speed of the upper layer applications. ThereforeCircles that are concerned about encrypted investment institutions.Recently, with the spray growth of the Bitcoin ecosystem and the emergence of the DENCUN upgrade of Ethereum, OKX Ventures has also invested well to promote the continuous improvement and upgrade of infrastructure settings.

Altlayer is a highly scalable application -specific execution layer system based on Optimistic Rollups.It can be connected to Layer1 and Layer2, which can be connected with Ethereum, Solana, Pokka, COSMOS, and even Layer1 and Layer2, such as Arbitrum, Optimism, Optimism, thereby expanding it.In order to better serve the developer, Altlayer created the Rollups-As-A-Service (RaaS), which is a self-defined Rollup creation platform with multi-functional and no programming experience.In addition, the concept of instant Rollups introduced by Altlayer.This is a highly optimized Rollup technology that allows DAPP developers to quickly deploy specific Rollup, provide security through Layer 1, and then settlement easily when needed.
CYSIC is a zero -knowledge (ZK) hardware company, which aims to provide efficient hardware acceleration solutions for the ZK proof protocol to help reduce the generating time and power consumption of ZK.The CYSIC team has developed FPGA and GPU underlying code libraries calculated by the Merkle hash has been developed by the CYSIC team.Running MSM and other computing on CPU will be very power -consuming and time -consuming. This is why Cysic focuses on trying to use FPGA, GPU, and ASIC to accelerate these components.
Dextools is the world’s leading DEFI investment portfolio and cryptocurrency price tracking application.For the enthusiasts and traders of the encrypted world, Dextools helps them understand the real -time cryptocurrency price, price alarm, whale movement, blockchain statistics, and DEFI market trends.Dextools has an average of 20 million users per month, which is an important hub between users and DEFI.
Eclipse is the Ethereum Layer2 solution supported by the Solana virtual machine (SVM) to improve the scalability and efficiency of the blockchain.It integrates the security settlement of Ethereum and the high -performance execution of SVM, the availability of Celestia, and the zero knowledge of Risc Zero’s zero knowledge proof, aiming to achieve high throughput and sacrificing safety.
Lumoz is a decentralized ZK-Raas network, and it is also a POW network that supports ZKP mining.It adopts a combination of POS and POW.Lumoz’s goal is to simplify the use of ZK-Rollup and promote its widespread adoption, thereby promoting the large-scale deployment of ZKEVM’s application chain.Developers can deploy their ZK-Rollup (ZKEVM) on multiple chains through Lumoz.For miners, Lumoz is a multi-chain POW protocol that supports mining on various public chains and generates zero-knowledge proof for ZK-Rollups.
TAIKO is a decentralized ZK-EVM and General ZK-Rollup.The purpose is to allow the developers and users of DAPP developed by the Ethereum L1 to use it on TAIKO without any changes.Through TAIKO, developers can be easier to deploy DAPPS to L2, and they can inherit the security of Ethereum, and at the same time generate lower transaction costs than L1.TAIKO consists of three parts: ZKEVM used to generate proofs, L2 Rollup nodes for managing, and TAIKO Protocol, which is used for rollup verified.
Zerogramvity is the first data availability system for the first built -in general storage layer, which has super scalability and decentralized characteristics.It realizes scalability by dividing the data availability work process into data release channels and data storage channels.Its products include data usability layer: 0G DA and data storage layer: 0G Storage.
ZKME is a ZK Identity Oracle, which provides anonymous user verification on the chain to improve security and privacy.ZKME verifies user credentials without disclosing any personal information.When the user (certificate holder) uses ZKME to create DID, a unique SBT will be obtained. The SBT will be bound to its public key in an encrypted manner. It is used as a proof.Its identity.

As the most important track of the encryption infrastructure, the public chain has bet on popular projects such as Altlayer and TAIKO in OKX Ventures.The development of the DA layer supports projects such as Zerography.In terms of other infrastructure, such as head -headed currency price tracking applications such as Dextools, we have also carried out close cooperation.

2. Bitcoin ecosystem

It can be said that the Bitcoin ecosystem is the starting point of this round of bull market. From the end of 2023 to the beginning of 2024, a variety of agreements, infrastructure, token standards, cross -chain bridges, Rollups and other innovative solutions are constantly emerging, and Bit has activated BittThe prosperity and development of the currency ecology.OKX Ventures has also followed it. Whether it is the capital level, the cooperation, and the grafting of resources, it has made significant progress.

BABYLON is a Bitcoin pledge, allowing Bitcoin pledge of Bitcoin to pledge it in an idle state to increase the security of the POS (Proof-OF-Stake) chain and get it in this processincome.It is a POS COSMOS ZONE blockchain. It uses the extracted one-time signature (EOTS, Extractable One-Time Signature) technology to introduce the POS chain through the form of the original chain pledge to achieve a cross-chain and fork-free Bitcoin pledge.The mechanism, and the Bitcoin POW is used as a timestamp and data availability layer to provide BTC -based native security.
B² Network is a Bitcoin 2nd layer compatible with EVM compatible based on ZK-Rollup, which can achieve seamless deployment DAPPS for EVM ecological developers.B^2 An anchor the Data Merkle Tree Root Hash of ZK-Rollow’s Data Merkle Tree Root Hash on the Bitcoin network through TapScript, and put the process and results on the chain to facilitate verification to achieve a higher-available BTC Layer 2.
Merlin Chain was developed by the Bitmap Tech team. It is a Layer2 based on the BTC network and using ZK-Rollup.Use ZK technology to compress the transaction, and then upload the compressed transaction data and ZK to prove that the past centralized Oracle network is uploaded to Taproot on the Bitcoin L1 for the entire network to ensure transparency and security.
Unisat wallet is a head of BTC and inscription wallets, supporting the inscriptions and transactions such as BTC assets such as BRC20, and as one of the index service providers, providing infrastructure services for BRC20 assets such as BRC20.Unisat continues to deeply cultivate the BTC ecosystem. For example, recently introduced proposals to increase the function of independent casting and destroy the BRC20 to support the issuance of stable currency in the BRC20, and will launch the BitCoin expansion scheme Fractal.
BITSMILEY is the first native stable currency project of BTC ecology. It is a comprehensive financial protocol built on the Bitcoin blockchain as part of the FINTEGRA framework.Its core product BitusD, an excess mortgage stabilizer based on BTC.The user mortgage the BTC to Bitsmiley Dao and cast BitusD.Unlike Maker DAO, Bitsmiley uses the platform’s future revenue as a debt auction and first repay the creditors.In addition, Bitusd uses a new Bitrc20 inscription format compatible with BRC-20.
Boundce Finance is a multi -chain decentralized auction agreement.Focusing on Auction as a Service, it provides a variety of auction products, including tokens and NFT auctions, real -world collections auctions, advertising space auctions, and SDK and plug -ins.In addition, Bourence Finance also provides Private Launchpad services, which is a chain solution designed to simplify the new project IDO.At present, Bounder Finance will focus on the BTC ecosystem and focus on providing incubation and auction support.
DLC.LINK provides a series of applications through the cautious log contract (DLC) that allows application developers to easily integrate native Bitcoin.The platform locks Bitcoin on the chain, where it can be used by Ethereum and other smart contract blockchains.This “bridge that does not require trust” makes borrowing, transactions, derivatives, etc. it is possible.At the same time, DLCBTC’s non -hosting packaging method allows users to manage Bitcoin by themselves without worrying about third -party risks, such as poor asset management or theft.

It can be seen that OKX Ventures has been widely invested in the Bitcoin ecosystem in the past few months. From the Bitmap of L2’s technical facilities to the DEFI protocol Boundance, to the inscription wallet Unisat, we have a comprehensive layout of the Bitcoin ecosystem.It provides good support for the development of the entire ecology and the development of the encryption industry.At the same time, we also actively carry out cooperation related to the Bitcoin ecosystem. For example, Babylon, through encouraging more and more participants to join, promote the accelerated development of the industry.

three,Gamefi

In the second half of 2023, GameFi also gradually began to restore its vitality with the development of the general trend.All -chain tour, card games, and Web3 -related Marketplace and infrastructure have received widespread attention from the capital market.During this period, OKX Ventures has also been deployed in advance, becoming one of our investment points.

Carv.io is a web3 identity company & amp; game aggregation platform, which has developed solutions that combine Web2 and Web3 data to create a unique user Web3 ID.On this basis, CARV also established a series of data infrastructure on the game chain. Its mission is to establish a game identity owned by a player and share data through game data to achieve data value.Its main products include: Carv Protocol underlying data solution ⽅ CARV Protocol and its first DApp, Carv Play, it provides basic functions such as gaming, game activities, chain activities.
MOCAVERSE PLATFORM is an app store made by Animoca Brands to integrate its 450+ Portfolios.Its users can apply for MOCA ID, which will become their web3 Login (similar to Apple ID), which allows users to interact with DAPP on the platform.
Lumiterra is a multi -person open world survival game. In the game, players can freely choose to cultivate combat talents, farm talents, and collect talents.No longer limited to traditional occupations, players can create a unique role based on their interests.At the same time, the Sodium wallet built by Lumiterra uses ERC-4337, ZK and MPC technology. Users can easily log in and manage assets with high security.
BlockLords is a 3A SLG multiplayer strategy game (MMO) launched by the game studio Metaking Studios.Players can operate their own farms, recruit teams, collect resources, distribute heroes to small teams, and upgrade buildings through playing different medieval characters.Create its own unique epic in the medieval universe.
L3E7 is a pure 3D LBS (Location Based Service/Geographical Location Service) game.Through map graphics rendering technology, players are immersed in a 3D Yuan cosmic world.The Yuan universe of L3E7 is based on cities in the real earth. Players can experience the appearance of the real world in it and presented through the art style of Pai Bo Punk.

It can be seen that in the GAMEFI field of OKX Ventures, from the game identity solution CARV, to the large 3D game L3E7, all aspects of all aspects of the basic settings to the upper application.At the same time, we are also vigorously carrying out related cooperation, such as Mocaverse, which allows more users to participate through the form of activities to promote the vigorous development of the gamefi field.In the future, the combination of game projects and DEFI projects will continue to improve, creating more attractive games and more continuous business models.

Four,Defi

DEFI is an important innovation in the encryption market. It provides financial services to decentralized methods through smart contracts to the majority of user groups.OKX Ventures has seen that projects in this field have been constantly promoted since DEFI Summer, providing Web3 users with various high potential use cases, especially the ride of liquidity dictators since the Ethereum transfer to the POS chain, providing web3 users with one that can be used by users.The options that bring income and increase asset utilization, as well as derived from this, at the same time, it also brings income to users and brings security for the project.The two have become the two most watched directions in DEFI, stimulating continuous project innovation and ecological improvement.

Navi is one of the highest TVL DEFI protocols in the SUI ecosystem, and currently has about $ 150 million.Navi provides users with a borrowing service for long -tailed assets on the chain, and cooperates with Heroswap, ONDO Finance, Cetus and other protocols to unlock and improve the use cases of DEFI.Services and build a one -stop DEFI platform.
Ether.Fi provides a completely decentralized liquidity pledge service. Its pledged tokens have grown rapidly since 24 years, and the total value has exceeded 2.9 billion US dollars.Ether.Fi supports the pledgeer to control the key when performing a pledge agency, and the ETH naturally pledged into Etherfi will put it in EIGENLAYER for a pledge, so as to ensure a higher degree of decentralization and bring users to users while bringing users to users.Come to include multiple rewards for pledge, then pledge and platform rewards to promote the rapid growth of the agreement.
Renzo is also a head project focusing on the new pledge field. In addition to allowing users to pledge native Ethereum to obtain liquidity pledge and re -pledges, it also supports the use of more LSD tokens for re -pledge.At present, Renzo has more than 1.25 billion US dollars assets pledged on it.

OKX Ventures pays attention to innovation and high potential projects in the field of DEFI, and is optimistic about the vitality that emerging narratives can bring to the DEFI field, helping its projects with complete and high -quality products and services for Web3 users.

five,AI

We saw the environment of explosive growth in the AI track, and the encryption industry explored the combination of AI.Both web3 and AI are developing rapidly, and new combinations are constantly emerging. OKX Ventures is concerned about projects and teams that can bring innovation to the encryption field and bring potential application scenarios and teams in the process.

IO.NET is a decentralized GPU network based on Solana. It aims to build a distributed computing power network by aggregating idle GPU resources from the world to provide low cost, efficient, efficient, efficient, efficient, and efficient for artificial intelligence (AI) and machine learning (ML).Computing resources.And through simple UI interfaces, integrated platforms and data management programs and architectures, in order to provide higher performance and more complete infrastructure computing power platforms.
MyShell focuses on building an interactive AI robot creation platform. The platform can generate an interactive AI with the user through the information entered by the user and add voice templates.In addition to chatting with users, it can also be covered with cases such as translation, text generation.
0XSCOPE aims to build an open data layer for web3 data analysis, and provide a series of tools and services to help users understand and use Web3 data. Through a clear and direct interface, they can generate data analysis reports for the web3 industry like ChatGPT, like ChatGPT, like ChatGPT., Or do the entire aspect of the chain behavior analysis of specific addresses, etc.
FLOCK is an AI co -creation platform. By building a decentralized platform to motivate users to contribute computing power, AI models and private data, to promote the generation of AI models of community -oriented AI models.Promote AI innovation through the cooperation of all parties.
MESON Network aims to build a decentralized bandwidth network, adopts user -friendly nodes, through motivating models, gather loans contributed by users around the world and allocate re -distribution. The link supply is two ends to form a sustainable economic cycle.MESON Network has currently absorb more than 250,000 nodes around the world to support bandwidth demand around the world.

AI and Web3 can help each other in many ways.From the infrastructure facilities empowering web3 to the application platform that uses AI to help web3, we are optimistic about the ability of the high -quality team to advance the two to better combine the two. OKX Ventures believes that with the further development and blending of Web3 and AI fieldsThe related combination points are more perfect, which will also stimulate the further development of Web3 and AI fields.

Conclusion:

OKX Ventures believes that with the innovation breakthrough of the Bitcoin ecosystem, L2 enters the acceleration period, and high -quality game content is officially released from the test stage toVery exciting.At the same time, OKX Ventures also looks forward to actively cooperating with high -quality project parties, in -depth support, providing users with high -quality services, and contributing to the industry.